94% of retail execs expect as many — or more — bankruptcies in 2018

There could be no end in sight for what has colloquially (if somewhat dramatically) been dubbed the “retail apocalypse.”

In the report, BDO counted more than 2,300 stores slated for closure in the second half of 2017. (That figure included retailers that planned to close at least 20 stores in the period.) The firm also cited Cushman & Wakefield projections that 12,000 retail stores could close in 2018, up from 9,000 last year, and that at least 25 major retailers would file for bankruptcy this year.